American Soil Technologies Completes the Acquisition of Smart World Organics, Inc.PACOIMA, Calif. -- American Soil Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SOYL), announced today that it has closed the acquisition of Smart World Organics of Hudson, Florida Hudson is a census-designated place (CDP) located at the northernmost end of Pasco County, Florida, United States. As of the 2000 census, Hudson population was 12,765. Hudson is also home to the world acclaimed stingray hunter Reef Mespla. , in exchange for 2,300,000 shares of restricted common stock and simultaneously purchased the formulas and trade secrets from Ray Nielsen the company's founder for a $1,500,000 convertible note having an 8% yield. Smart World's proprietary products have been established through a unique research approach that has separated Smart World Organics from most competition in the market place. Its products are manufactured through the implementation of numerous trade secret formulas developed over the past 35 years of hands-on field and laboratory research. These high tech organic formulas consist of nutritionals (fertilizers) both liquid and dry, organic polymers, seed treatments, soil biologicals, organic carbons, as well as organic plant protection against insects, fungus fungus Any of about 200,000 species of organisms belonging to the kingdom Fungi, or Mycota, including yeasts, rusts, smuts, molds, mushrooms, and mildews. Though formerly classified as plants, they lack chlorophyll and the organized plant structures of stems, roots, and , virus and environmental growing issues. Mr. Nielsen is a respected, sought-after speaker and resource to many companies, universities, associations, and individuals in the identification of and the solutions to the industry's issues that face today's growers. The company has customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in many foreign nations. It will be operated as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. maintaining its brand identity. Carl P. Ranno, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Soil Technologies, stated, "we think that the addition of Smart World's organic and sustainable products to our portfolio soil amendments and slow release fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. will allow the complementary product line of the combined enterprise to enjoy a more rapid growth than each separate business would as a stand-alone unit resulting in our revenues increasing by a factor of 3 this coming year." Mr. Ranno added that, "based upon the beneficial effects of using sustainable and organic products and the water saving ability of polymers, we feel that future practices in the green industry will prove that a combination of our organic, sustainable and polymer soil amendments will reduce costs, increase yields and save water in all segments of our industry. The demand for organic, sustainable and polymer-based products is increasing in the turf, retail, horticulture horticulture [Lat. hortus=garden], science and art of gardening and of cultivating fruits, vegetables, flowers, and ornamental plants. Horticulture generally refers to small-scale gardening, and agriculture to the growing of field crops, usually on a large and agricultural segments of our markets on a global basis." About American Soil Technologies Inc. American Soil Technologies is in the $150 billion green industry. The company develops, manufactures and markets cutting-edge technology that decreases the need for water in agriculture and other plant growing businesses, and promotes sustainable growing environments. More product information on both companies can be found on the corporate Web site, located at www.americansoiltech.com and www.smartwp.com This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. |
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